Glimpse of the future: $1tr of climate losses, $2tr of gains
The first results are emerging from the worldwide drive to get companies to think about how climate change is going to affect their businesses. Over 40% of the world’s biggest firms are now able to give an estimate of how much they expect to lose and gain. Collectively, they forecast twice as much upside as downside. But this may be optimistic, especially as the data are skewed to financial services.
Of the very biggest firms, Microsoft, Apple, Alphabet, Johnson & Johnson and JP Morgan submitted climate change information to the annual survey conducted by CDP, formerly the Carbon Disclosure Project. Amazon, Berkshire Hathaway, Facebook, Alibaba, Tencent and Exxon Mobil did not.Every year about 7,000 companies and 800 ...
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